The global IoT middleware market is expected to reach USD 11.58 Billion
by 2020 from USD 3.86 Billion in 2015, at a CAGR of 24.6% during the
forecast period.

The key players in this market are Prosyst, ClearBlade, IBM Corporation,
Red Hat, Inc., and Cisco Systems, Inc. Based on the various key findings
and market dynamics, IoT middleware and platform market would be
exciting great opportunity for all the stake holders to invest in this
market.

Smaller emerging players, with increasingly growing competence are
expected to give a tough competition to the major technology vendors
during the forecast period.

At present, the IoT middleware market is moderately incoherent, with
little acceptance over adopting middleware application during the
forecast period. Companies such as Davra Networks, ClearBlade, and
myDevices believe that enterprise IoT would be a service driven
industry. IoT middleware platform or product supports the collection and
transition of raw data and makes it available to an application layer
from end points, such as Zigbee, Zwave, NFC, and Sensors. This data
eventually gets translated into usable business intelligence, which
effectively constitutes middleware.

From being focused on single functionality to strategizing on
multi-functional solutions, and diversified technologies across industry
verticals, and end users, the IoT middleware market is projected to grow
exponentially. According to the report, application, platforms, and
service providers play a major role in the market ecosystem; the North
America and Europe accounted for approximately 60% of the overall market
share in 2015.

The global IoT middleware market has been segmented on the basis of
applications, platforms, services, end users, verticals, and regions.

The services have been classified into system integration and
professional services.

The report covers SMBs and enterprises as end users of this particular
market. The industry verticals covered include manufacturing,
healthcare, energy and utilities, transportation and logistics,
agriculture, and others (retail, BFSI, and education). The market study
has also been segmented on the basis of regions into North America,
Europe, APAC, MEA, and Latin America.